Producer Price Index for December fell .1% and ended 2023 up 1.0% for the year

After ending 2022 UP 6.4%, the PPI was only up 1.0% for 2023. Changes in the PPI sometimes portend what the Consumer Price Index will experience as price increases or decreases get passed along to consumers.

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Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday.

The producer price index fell 0.1% for the month and ended 2023 up 1% from a year ago, the Labor Department reported Friday. Economists surveyed by Dow Jones had been looking for a monthly gain of 0.1%. The index had surged 6.4% in 2022.

For the full year, the final demand measure less food, energy and trade services rose 2.5% for all of 2023 after being up 4.7% in 2022.

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CNBC.com